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BCE 2nd Quarter Results (738 words) |
 | BCE consolidated earnings per share, which are calculated after deducting preferred dividend requirements, were based on an average of 297.1 million shares outstanding for the quarter, compared with 286.8 million for the second quarter of 1988. |
 | Montreal Trustco Inc., which was acquired by BCE on April 24, 1989, reported revenues of $352 million for the second quarter, compared with $256 million in the same period last year, and net income of $21 million ($16.1 million in 1988). |
 | BCE's previously reported results have been restated to reflect the effects of: a one-time refund of $206 million by Bell Canada to eligible subscribers; and the adoption by Encor Inc., BCE's 49.0 per cent associated company, of the successful efforts method of accounting for its oil and gas activities. |